Shares of CNO Financial Group Inc. (NYSE:CNO) saw strong trading volume on Monday . 1,574,284 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 1,235,798 shares.The stock last traded at $16.39 and had previously closed at $17.37.

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated a “hold” rating and issued a $19.00 price objective on shares of CNO Financial Group in a report on Thursday. Deutsche Bank AG decreased their price objective on shares of CNO Financial Group from $19.00 to $18.00 and set a “hold” rating for the company in a report on Thursday. BTIG Research reiterated a “buy” rating on shares of CNO Financial Group in a report on Friday, July 15th. Citigroup Inc. decreased their price objective on shares of CNO Financial Group from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, July 7th. Finally, Evercore ISI assumed coverage on shares of CNO Financial Group in a research report on Wednesday, July 6th. They set a “hold” rating and a $19.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.06.

The company has a market capitalization of $2.81 billion and a price-to-earnings ratio of 10.73. The company’s 50-day moving average price is $17.83 and its 200 day moving average price is $18.08.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $961.56 million. The company’s revenue was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that CNO Financial Group Inc. will post $1.39 EPS for the current fiscal year.

In related news, SVP John R. Kline sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $20.15, for a total transaction of $503,750.00. Following the sale, the senior vice president now directly owns 40,371 shares in the company, valued at $813,475.65. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher J. Nickele sold 24,996 shares of the firm’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $19.25, for a total transaction of $481,173.00. Following the completion of the transaction, the executive vice president now directly owns 74,975 shares of the company’s stock, valued at approximately $1,443,268.75. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in CNO. New York State Common Retirement Fund increased its position in CNO Financial Group by 2.0% in the fourth quarter. New York State Common Retirement Fund now owns 257,224 shares of the company’s stock worth $4,910,000 after buying an additional 5,086 shares during the period. Russell Frank Co increased its position in CNO Financial Group by 11.4% in the fourth quarter. Russell Frank Co now owns 210,448 shares of the company’s stock worth $4,068,000 after buying an additional 21,540 shares during the period. Wells Fargo & Company MN increased its position in CNO Financial Group by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,323,187 shares of the company’s stock worth $63,439,000 after buying an additional 34,234 shares during the period. Employees Retirement System of Texas increased its position in CNO Financial Group by 56.3% in the fourth quarter. Employees Retirement System of Texas now owns 211,000 shares of the company’s stock worth $4,028,000 after buying an additional 76,000 shares during the period. Finally, Victory Capital Management Inc. increased its position in CNO Financial Group by 4.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,403,620 shares of the company’s stock worth $64,975,000 after buying an additional 137,753 shares during the period.

CNO Financial Group, Inc is a holding company for a group of insurance companies operating across the United States that develop, market and administer health insurance, annuity, individual life insurance and other insurance products. It operates through three operating segments: Bankers Life, Washington National and Colonial Penn.

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